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Update on two mobile acquisitions
Thursday, June 28, 2007

We have an update on two acquisitions that either happened in the past or were potentially being planned in the near future.

American CDMA carrier Sprint, which merged with iDen carrier Nextel in 2005, is no longer using the Nextel name as part of Sprint’s new advertising campaign that was released this week. This could potentially be the end of the Nextel name, which was expected at the beginning at the merger by many people two years ago when the merger occurred.

Canadian CDMA carrier Telus will no longer be attempting a merger with another Canadian CDMA carrier, Bell Canada, after rumours of a merger took place last week after Telus and Bell Canada signed a non-disclosure and standstill agreement last week. If the carriers had merged, the company would be the largest wireless and landline carrier in Canada.  Many groups are still interested in purchasing Bell Canada, including the Ontario Teachers’ Pension Plan along with an American acquisition firm.

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